Fixation of tariff value establishes regulatory benchmark values for imports, affecting customs assessment and valuation procedures.
The Central Board of Indirect Taxes & Customs amends the principal non-tariff notification by substituting TABLE-1, TABLE-2 and TABLE-3 to fix tariff values in US dollars for specified imported goods, including various edible oils, brass scrap, defined forms of gold and silver, and areca nuts, to be applied for customs assessment and related non-tariff purposes; the substitution operates as the regulatory valuation schedule and takes effect on the stated operative date.

Exchange Rate Update: Norwegian and Swedish Kroner rates revised for customs valuation, effective mid-July notification.
The Central Board of Indirect Taxes and Customs, under section 14 of the Customs Act, 1962, amends SCHEDULE-I of Notification No. 50/2023-CUSTOMS (N.T.) effective 14th July, 2023 by substituting the entries for Norwegian Kroner and Swedish Kroner; the schedule prescribes separate rates of exchange for one unit of each foreign currency for valuation of imported and exported goods, as set out in Notification No. 52/2023 - Customs (N.T.).

Electronic cargo tracking transhipment rules expand permitted rail and road routes for cargo movement from Indian ports to Nepal.
The amended Electronic Cargo Tracking System framework applies to transhipment of cargo from Kolkata, Haldia and Vishakhapatnam to Birgunj in Nepal by rail; to Batnaha in India by rail followed by road movement to Biratnagar in Nepal; and directly to Biratnagar in Nepal by rail. The amendment takes effect from publication in the Official Gazette.

Exchange Rate Determination: CBIC prescribes foreign currency conversion rates for import and export goods under Customs law.
The Central Board of Indirect Taxes and Customs, invoking powers under the Customs Act, supersedes a prior notification and prescribes the rate of exchange for specified foreign currencies into Indian rupees for import and export goods, effective from 07th July, 2023, as set out in Schedule I (per unit rates with separate columns for imported and export goods) and Schedule II (rates per 100 units for specified currencies). The supersession does not affect prior acts or omissions.

Agriculture Infrastructure and Development Cess imposed on liquified propane and butane imports, exempting public oil companies supplying households.
Amendment inserts a new Customs schedule entry prescribing the AIDC rate for liquified propane and liquified butane imports, and exempts imports (including mixtures) by Indian Oil Corporation Limited, Hindustan Petroleum Corporation Limited and Bharat Petroleum Corporation Limited when intended for supply to household domestic consumers or Non Domestic Exempted Category customers; a further proviso excludes application of a related table entry to liquified petroleum gas imports by those refiners for supply to household or NDEC customers.

Concessional customs duty on liquified propane and butane introduced, amending tariff notification and effective immediately.
The notification amends Notification No. 50/2017-Customs by inserting a new tariff table entry for specified tariff headings covering liquified propane and liquified butane and prescribing a concessional basic customs duty for those imports. The amendment is issued under section 25 of the Customs Act, 1962 and section 3(12) of the Customs Tariff Act, 1975 as necessary in the public interest and is effective immediately.

Import duty increase on liquified propane and butane takes immediate effect, altering applicable tariff entries for those gases.
The Central Government has amended the First Schedule of the Customs Tariff Act to increase the import duty rate applicable to liquified propane and liquified butane by substituting the previous duty entries for the tariff classifications covering those products. The notification directs customs authorities to apply the revised duty rate to imports of liquified propane and liquified butane with immediate effect, creating immediate compliance obligations for importers and border officials.

Correction of Notification Number: customs notification reference is amended to substitute the correct cited notification.
Corrigendum issued by the Central Board of Indirect Taxes and Customs partially modifies the earlier Gazette notification concerning inland container depots at Village Dahej by directing that the previously cited notification number in the published entry for that date be read as the corrected alternative notification number of the same date; the change is limited to the substitution of the notification reference in the official Gazette entry.

Exemption of deposits into ECL extended by amending the notification to continue the scheme through September.
The Central Board of Indirect Taxes and Customs amends Notification No. 18/2023-Customs (N.T.) by substituting the date in paragraph 2 to extend the exemption scheme for deposits into the Electronic Cash Ledger, moving the terminal date to the end of September 2023 under powers conferred by the Customs Act.

Exemption of customs deposits under section 51A(4) deferred, implementation date moved to 1 October 2023 by notification.
The Central Board of Indirect Taxes and Customs amends Notification No. 19/2022 Customs (N.T.) by substituting "1st July, 2023" with "1st October, 2023" in paragraph 2, thereby deferring the commencement of the exemption from deposit requirements under section 51A(4) of the Customs Act.

Tariff value fixation updated for specified edible oils, brass scrap, gold, silver and areca nut, altering import valuation consequences.
The Central Board of Indirect Taxes & Customs amends the non-tariff notification under section 14(2) of the Customs Act by substituting revised Tables that fix US-dollar tariff values for specified imports: edible oils (various palm and soybean oils), brass scrap (all grades), and areca nut by weight, and by specifying unit tariff values for gold and silver in defined forms; the amendment takes effect from the first day of July.

AIDC rate for LPG: specified tariff lines now subject to an additional integrated duty under amended customs notification.
Inserts new entries for tariff headings 27111910, 27111920 and 27111990 into the TABLE of Notification No. 11/2021-Customs and subjects all goods under those entries to an additional integrated duty of 15%, the amendment coming into effect on the 1st day of July, 2023.

Basic Customs Duty on Liquified Petroleum Gas amended, new tariff entry for specified HS codes inserted and effective July.
A new tariff entry S. No. 155A is inserted in Notification No. 50/2017 Customs to cover tariff items 27111910, 27111920 and 27111990 described as Liquified Petroleum Gas (LPG) with a Basic Customs Duty of 5%, the amendment taking effect from 1 July 2023.

Increase in LPG import duty: standard tariff for specified LPG tariff items substituted under section 8A(1) of Customs Tariff.
The Government, exercising the power under section 8A(1) of the Customs Tariff Act, 1975, directed amendment of the First Schedule, Chapter 27, by substituting the entry in column (4) against specified LPG tariff items with a new standard tariff percentage; the amendment is effective from the commencement date stated in the notification.

Exchange rate adjustment for Turkish Lira updates customs import and export reference rates, effective immediately.
The Central Board of Indirect Taxes and Customs, exercising powers under section 14 of the Customs Act, 1962, amends Notification No.44/2023 CUSTOMS (N.T.) by substituting the Schedule I entry for Turkish Lira (serial No.18) with new separate exchange rates for imported and export goods, effective from 24th June, 2023.

Tariff value fixation updated for specified imports, setting revised customs valuation for oils, metals, scrap, and areca nut.
The Board, invoking powers under sub-section (2) of section 14 of the Customs Act, amends the principal customs notification by substituting revised tables that fix tariff values in USD per metric tonne or per unit for specified edible oils, brass scrap, gold and silver (with scope qualifications), and areca nuts, effective 16 June 2023.

Exchange rate determination for customs: prescribed conversion rates govern import and export valuation under schedule publication.
The Central Board of Indirect Taxes and Customs determines schedule-based exchange rates for conversion between specified foreign currencies and Indian rupees for customs valuation, fixing distinct rates for imported and export goods effective 16th June, 2023, and superseding the prior notification except as to prior actions; the operative rates are those specified opposite each currency in Schedule I (per unit) and Schedule II (per 100 units).

Courier jewellery export declarations must now specify whether re-import facility will be availed for goods under designated tariff headings.
Courier export declarations for jewellery are amended in Form HA under the Courier Imports and Exports (Electronic Declaration and Processing) Regulations, 2010. For export consignments containing jewellery classifiable under CTH 7117 or CTH 7113, the declarant must state whether the re-import facility will be availed. This replaces the earlier requirement to merely disclose whether such jewellery was contained in the export consignment.

Basic customs duty reduction on specified edible oils implemented, substituting lower duty entries and effective mid June.
The Central Government amends a prior customs notification by substituting the Table entries at serial numbers 2 and 6 with a 12.5% basic customs duty for specified crude and refined soya, sunflower and palm oils; the amendment is made in the public interest and takes effect from 15 June 2023.

Exchange rate revision updates customs valuation for South African Rand affecting import and export transactions.
Amendment substitutes the Schedule I entry for the South African Rand in the customs notification, revising the exchange rates applicable to imported and exported goods and superseding the earlier Schedule provision, with the substituted entry to govern customs valuation for transactions in South African Rand from the stated operative date.